In Defense of the Washington Swamp
Donald Trump came to power by bashing the establishment. Eli Lake argues it now may be the country’s last defense.
How to Keep Steve Bannon Out of the White House
The president-elect has chosen a leader of the alt-right for a senior role in his administration. Opponents of Trump need to pick their battles, and Jonathan Bernstein says this is one they should fight.
The Trouble With Trump’s Infrastructure Plan
Conservatives didn’t like Obama’s economic stimulus program. They should like Trump’s even less. Tyler Cowen warns that a GDP boost today will be offset by trouble in the longer term.
Tech’s Giants Keep Devouring the Competition
The big five — Apple, Amazon, Microsoft, Facebook and Alphabet (Google’s parent) — now account for more than 30 percent of the market capitalization of the Nasdaq, and they keep growing. But Justin Fox says that they could face a threat in the form of the incoming president.
China’s Rising Prices Are a Sign of Trouble
Demand for Chinese coal and steel isn’t rising. Why are prices? Christopher Balding argues it has almost nothing to do with supply and demand, and trying to control it will likely make it worse.
Latin America’s New Politics Transcend Left and Right
In a region where ex-revolutionaries wear Rolexes, the old ideological categories don’t offer much insight. Mac Margolis says the only way to understand Latin America’s new guard is to leave that tired framework behind.
- Outperforming by underperforming (Newfound Research)
- The bright side of rising interest rates (A Wealth of Common Sense)
- Marijuana company prepares to cross state lines, as legally as possible (New York Times)
(Read Barry Ritholtz’s full daily news roundup.)
- BMW needs an electric jump-start
- Trump is no cure for Brexit’s $82 billion gap
- LVMH doesn’t need what Michael Kors is selling
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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.